Rady School Launches Master of Finance Degree

In February 2014, the Rady School of Management at UC San Diego launched a one-year Master of Finance program that offers rigorous, hands-on training and cutting-edge methods of analyzing "big data" for financial decision making and risk management. This program is the first of its kind for the Rady School, which also offers a Full-Time MBA, FlexMBA (Evenings and Weekends) and Executive Development courses.

UC San Diego has a rich tradition in empirical and theoretical econometrics and the Rady School of Management is an ideal place for the development of a new Master of Finance program. In fact, some of the most widely-used financial models have been created from the research of UC San Diego faculty, including the Rady School's own Nobel Prize laureate Harry Markowitz.

"Some of today's most important tools for risk management and forecasting of economic time-series were developed at UC San Diego and led to the 2003 Nobel Prize in Economics being awarded to UC San Diego faculty Robert Engle and Clive Granger," said Allan Timmermann, Professor of Finance at the Rady School. "This tradition is reflected in the Master of Finance program's focus on time-series econometrics, forecasting and risk-management."

Rady School Dean Robert S. Sullivan noted that the Master of Finance program will lead the development of new educational approaches to the challenges facing the financial sector.

"Given the financial industry's rapid changes, it is essential to provide students with the analytical and practical problem solving skills that will allow them to make significant contributions at financial institutions and regulatory agencies," said Rady School Dean Robert S. Sullivan. "The Rady School's Master of Finance program's emphasis on quantitative models and methods ensures graduates are equipped to develop innovative solutions to the complex problems facing the financial industry."

The core of the Master of Finance program emphasizes training in quantitative areas such as financial econometrics and forecasting as well as knowledge in portfolio analysis (investments) and risk management. Optional courses allow students to further specialize in these areas or add more traditional courses in corporate finance such as venture capital, mergers and acquisitions, or behavioral finance. The Master of Finance program is a 52-unit degree program. The one year curriculum consists of four core courses, eight 4-unit elective courses and a 4-unit capstone.

The Rady School is currently seeking applicants for the Master of Finance program who have exceptional quantitative skills, strong interest in the analytical foundations of finance and of risk management, and a desire to have an impact in the financial sector.

For more information, go to: http://rady.ucsd.edu/finance/

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